Archived
I owe $36,600 in credit card debt - would I be better of to file Chap 7 or use debt settlement company? what is bankruptcy cost
Theodore's answer
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Answered on May 24, 2010
Chapter 7 permits the debtor to get rid of all of their unsecured debt without having to make payments to that debt. It is not a good choice for...
Archived
Stopping or reversing my decision on my Statement of Intention??
Theodore's answer
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Answered on May 24, 2010
The statement of intention is non-binding and does not have to be changed. Just do not sign the reaffirmation agreement and you will not be liable...
Archived
When a bank repossess a vehicle, sell it a auction and the bank notifies me of the balance due , what should my next step be?
Theodore's answer
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Answered on May 24, 2010
The first thing you need to do if and when you get sued is file an Answer. The summons will tell you that you must “appear” by way of an Answer in...
Archived
I have dowestic partnership. She is filing for bankruptcy, can we file together in california
Theodore's answer
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Answered on May 24, 2010
This answer is correct. federal law does not recognize anything other then a traditional marriage. Common law marriages and marriage between the...
Archived
Can money owed to utility companies be discharged in chapter 7 bankruptcy? What happens to money in security deposit?
Theodore's answer
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Answered on May 24, 2010
The utility debt can be included in the bankruptcy but you may lose th deposit due to a setoff.
Archived
Can I discharge marital debt I owe my wife if I file for bankruptcy prior to our divorce becoming final?
Theodore's answer
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Answered on May 24, 2010
The nature of the debt is important. If it is "in the nature of an order of support" it may be dischargeable. Any creditor can bring an adversary...
Archived
Can interest be accure on back child support after a person filed chapter 7 bankruptcy? when can I start calling regarding pymt
Theodore's answer
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Answered on May 24, 2010
You are correct to state that child support is non-dischargeable. If interest is allowed in the support agreement then it still accrues. the...
Archived
Will student loan collectors keep taking my money unvolentary?
Theodore's answer
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Answered on May 24, 2010
They can only take a portion of your pay and they cannot garnish your husband. Better to maximize the tax refund when deciding how to file and...
Archived
Do I have a case and is this possible?
Theodore's answer
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Answered on May 24, 2010
It appears that what you have been negotiating is voluntary. Since it is negotiated it is possible if both parties agree. Why not keep paying as...
Archived
What are options on a new mortgage after Ch 7 bankruptcy discharge?
Theodore's answer
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Answered on May 24, 2010
Present the information to the bank and to the credit reporting agency. Contact your bankruptcy attorney because the reporting of the mortgage...
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